Forex
Yen Surges Amid Fears of Intervention
The yen has been on the rise since Monday amid market speculation about potential intervention. This comes after Japan and the US confirmed their coordinated operations last week.
Oxford Economics Head of Asia Economics Louise Loo shares her insights on the situation. 'We know that Japan and the US conducted coordinated operations last week,' she says.
The yen's sharp advance has sparked concerns among market participants about possible intervention by Japanese authorities to stabilize the currency.